✉news TechnologySemiconductors first seen 2 d ago, last 1 d ago, peak #30
SK Hynix chairman Chey Tae-won sells $700 million stake to fund divorce
Original: Korean chip billionaire Chey Tae-won sells $700 million stake to fund divorce
Chey Tae-won, the South Korean chip billionaire who chairs SK Hynix's parent group SK, has sold about $700 million in shares to help pay a record divorce settlement to his estranged wife. A court had ordered him to hand over roughly 1.38 trillion won, one of the largest such awards in South Korea, drawing attention to the fortune behind one of the world's biggest memory chip makers.
Why now: The scale of the share sale, tied to one of the largest divorce settlements ever ordered in South Korea, is striking given his central role in the global chip industry.
Chey Tae-wonSK HynixSK GroupSouth Korea
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- Korean chip billionaire Chey Tae-won sells $700 million stake to fund divorce · Billionaires.Africa
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